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U.S credit rating downgrade highly likely as shutdown fears continueThe House of Representatives is in chaos as Republicans scramble to install a new Speaker of the House, after the historic ousting of Rep. Kevin McCarthy (R-Ca.). Without a Speaker, the House can't officially move forward on any spending bills, leaving little time to put a deal together before the November 17 deadline. Moody's has warned that another government shutdown could put further pressure on the United States' credit rating. Yahoo Finance Senior Columnist Rick Newman joins the Live show to break down what is going on in the halls of Congress, the potential for another government shutdown, and what a downgrade would mean for the economy. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »